Assume beginning inventory of $25,000 (250 units), a purchase on January 3 of $35,000 (300...
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Accounting
Assume beginning inventory of $25,000 (250 units), a purchase on January 3 of $35,000
(300 units), and a purchase on January 18 of $40,000 (310 units). 500 units were sold on
January 15. Using perpetual average system, ending inventory is:
A. $45,000.
B. $45,455.
C. $46,451.
D. $45,833.
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